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Tuesday, June 16, 2015

'It’s going to be bad, whatever happens': Greece on edge as eurozone exit looms

Greece’s spiralling debt crisis saw cash withdrawals total €400m on Monday. While anxiety varies around Athens, few Greeks see benefit in leaving the euro“Everybody’s doing it,” said Joanna Christofosaki, in front of a Eurobank cash dispenser in the leafy Athens neighbourhood of Kolonaki. “Our friends have all done it. Nobody wants their money to be worthless tomorrow. Nobody wants to be unable to get at it.”A researcher in the archaeology department at the Academy of Athens, Christofosaki said she knew plenty of people who had “€10,000 somewhere at home” and plenty of others who chose to keep their stash at the office. Was she among them? “If I was, I certainly wouldn’t tell you.” Related: Greece crisis: Tsipras blasts 'criminal' IMF in defiant speech - live updates Related: Tsipras does want a deal, as the alternative is unthinkable Related: Greece's latest attempt to reach deal with creditors collapses Related: Endgame looms for Greek crisis as both sides take debt negotiations to the brink Continue reading...


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